Millennium Group International Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Millennium Group International Holdings has a total shareholder equity of $31.0M and total debt of $5.6M, which brings its debt-to-equity ratio to 18%. Its total assets and total liabilities are $43.6M and $12.6M respectively.
Key information
18.0%
Debt to equity ratio
US$5.58m
Debt
| Interest coverage ratio | n/a |
| Cash | US$13.47m |
| Equity | US$31.05m |
| Total liabilities | US$12.59m |
| Total assets | US$43.64m |
Recent financial health updates
Recent updates
Health Check: How Prudently Does Millennium Group International Holdings (NASDAQ:MGIH) Use Debt?
Nov 01
Investors Don't See Light At End Of Millennium Group International Holdings Limited's (NASDAQ:MGIH) Tunnel And Push Stock Down 35%
Apr 04Millennium Group International Holdings Limited's (NASDAQ:MGIH) 161% Price Boost Is Out Of Tune With Revenues
Feb 13Millennium Group International Holdings Limited's (NASDAQ:MGIH) Shares Climb 42% But Its Business Is Yet to Catch Up
Dec 13Financial Position Analysis
Short Term Liabilities: MGIH's short term assets ($27.8M) exceed its short term liabilities ($12.1M).
Long Term Liabilities: MGIH's short term assets ($27.8M) exceed its long term liabilities ($456.9K).
Debt to Equity History and Analysis
Debt Level: MGIH has more cash than its total debt.
Reducing Debt: Insufficient data to determine if MGIH's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MGIH's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if MGIH's interest payments on its debt are well covered by EBIT.